Bolza-Schünemann Resigns from KBA; Company Reports Press Sales Decline

The collapse of export markets has been impacting heavily on the entire press engineering industry since September 2008, and sheetfed activities have been particularly hard hit. KBA’s new president Helge Hansen has the impartiality and experience necessary to implement the radical restructuring measures required, and also has valuable contacts in financial markets. Prior to his appointment as CFO Hansen was managing director of KBA-Metronic, which he completely reorganised following its acquisition by KBA in 2004.